Fomo overtakes Pump.fun in daily revenue on Solana

Social trading platform Fomo generated more daily revenue than memecoin launchpad Pump.fun on Friday.

Fomo generated $1.76 million in daily revenue on Friday, compared with Pump.fun’s $1.1 million, according to DefiLlama data.

Pump.fun remains ahead over longer periods. It generated more than $57 million over the past 30 days, compared with $17.6 million for Fomo.

Fomo combines cryptocurrency trading with social features resembling a social media feed. The platform allows users to view other users’ trades.

In June, Fomo closed a $75 million Series B round led by Index Ventures, valuing the social trading app at $550 million. 

The company said more than 68,000 users made their first cryptocurrency purchase on the platform using Apple Pay, accounting for about $25 million in transaction volume.

Fomo also expanded its offering beyond spot trading this year. On June 11, it launched perpetual futures contracts powered by Hyperliquid for users outside the US.